The Bundesbank – Germany’s central bank in Frankfurt – has warned that the German economy could slip into recession this autumn, with Brexit among the causes blamed.
19 Aug 2019, 4:43 p.m.
Michael Pinson
August Gold News 2019
A host of global economic uncertainties recently have seen investors turning to safe-haven assets, driving the price of gold to register several new all-time highs in Sterling.
Gold is not the only precious metal to rally however. Silver has been climbing too, and has the potential to make further gains.
16 Aug 2019, 2:50 p.m.
Michael Pinson
Data experts at Deutsche Bank are forecasting another quarter of economic contraction in Germany, resulting in a technical recession that could last into next year.
Germany’s industrial production has been impacted by the US/China trade war, which has hit supply chains and commercial demand.
14 Aug 2019, 5:06 p.m.
Liam Sheasby
- US 10-year yield at 1.62% - lower than the 2-year yield for the first time since 2007
- UK 10-year yield at 0.46% - lower than the 2-year yield for the first time since 2008
- Germany’s 10-year yield at -0.59%, resulting in opportunity cost to hold Bunds
14 Aug 2019, 1:02 p.m.
Liam Sheasby
The US Federal Reserve has announced it plans to cut interest rates by 0.25%, bringing the new benchmark to between 2% and 2.25%.
Committee members voted 8-2 in favour of cutting rates at a meeting yesterday evening, with Eric Rosengren (Boston Fed president) and Esther George (Kansas City Fed president) voting against the decision.
1 Aug 2019, 2:37 p.m.
Liam Sheasby